Analyst Expects Keycorp (NYSE: KEY) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed KeyBank Invests $150,000 in Homeport To Connect Central Ohioans to Homebuyer Education, Resources.

Stocks Info

As a NYSE listed company, KEY falls under the Financial sector while operating within the Banks – Regional industry segment. The current market capitalization of Keycorp is $13.62B. A total of 18.57 million shares were traded on the day, compared to an average of 17.24M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, KEY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 6 SELLs from insiders. Insiders purchased 193,729 shares during that period but sold 90,829.

In the most recent transaction, Gavrity Kenneth C sold 2,376 shares of KEY for 14.03 per share on Feb 16. After the transaction, the Head of Commercial Bank now owns 98,120 company shares. In a previous transaction on Feb 15, Schosser Douglas M sold 3,326 shares at 14.00 per share. KEY shares that Chief Accounting Officer owns now total 19,795.

Among the insiders who sold shares, Evans Trina M disposed of 12,335 shares on Feb 12 at a per-share price of $14.23. This resulted in the Director, Corporate Center holding 81,622 shares of KEY after the transaction. In another insider transaction, Mago Angela G sold 3,405 shares at $14.24 per share on Feb 12. Company shares held by the Chief Human Resources Officer now total 214,630.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Keycorp pays an annual dividend of $0.82, resulting in a dividend yield of 5.62%, and it has a price to earnings (P/E) ratio of 16.49. KEY’s most recent ex-dividend date was 2/26/2024 when it declared a $0.2050 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/27/2023. The KEY stock dividend was $0.2050 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, KEY has a high of $18.56 and a low of $8.53.

As of this writing, KEY has an earnings estimate of $0.23 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $0.26 per share and a lower estimate of $0.18. The company reported an EPS of $0.29 in the last quarter, which was 7.40% higher than expectations of $0.27.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $12.96, while its Total Shareholder’s Equity was $17.42B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KEY is Buy with a score of 4.14.